First Financial Northwest, Inc.: insider trades · United States · SEC (Form 4)

About First Financial Northwest, Inc.

First Financial Northwest, Inc. (NASDAQ: FFNW) is a U.S.-listed banking holding company that was historically rooted in community banking in Washington State, United States. For French, Belgian, and Swiss investors, the name now represents a small regional U.S. bank franchise that has undergone a major structural change rather than a conventional growth story. The company operated through First Financial Northwest Bank, which became a Washington state-chartered commercial bank in 2016, reflecting a broader set of commercial banking activities. Its core footprint was concentrated in the greater Seattle area and surrounding counties, especially King, Snohomish, Pierce, and Kitsap, with headquarters in Renton, Washington. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1401564/000093905725000075/ffnw-20241231.htm?utm_source=openai)) Historically, the business mix was typical of a community bank: retail and business deposits, checking and savings accounts, certificates of deposit, residential mortgage lending, commercial real estate loans, commercial and industrial credit, equipment financing, and other lending products for households, professionals, and small businesses. The strategy focused on relationship banking and local service rather than scale, using a branch network to serve its niche market in western Washington. That local orientation was a key part of its competitive positioning versus larger money-center banks and even against bigger regional lenders. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1401564/000093905725000075/ffnw-20241231.htm?utm_source=openai)) The most important recent development is the transaction announced in January 2024 and completed in April 2025, under which Global Federal Credit Union acquired substantially all of the assets and assumed substantially all of the liabilities of First Financial Northwest Bank for about $228.7 million in cash. In practical terms, that deal transformed FFNW from an operating bank holding company into a much leaner post-sale entity with a largely residual balance sheet. For investors, this is the central fact: the operating bank franchise was monetized, and the equity story is now driven by the post-transaction use of proceeds, remaining liquidity, and any subsequent capital return or wind-down actions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1401564/000093905724000074/ffnw-20231231.htm?utm_source=openai)) On competitive positioning, First Financial Northwest was never a national-scale institution. Its strengths were local market knowledge, customer relationships, and a community-banking model tailored to its regional base in the Pacific Northwest. That said, its scale was limited, and in a sector increasingly shaped by efficiency, digital distribution, and balance-sheet size, the company’s strategic options were constrained. The sale to Global Federal Credit Union underscores that reality and effectively ends the operating bank’s standalone growth trajectory. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1401564/000093905725000075/ffnw-20241231.htm?utm_source=openai)) From an investor perspective, FFNW is best understood as a NASDAQ-listed U.S. financial company with a Washington State heritage, a former community-banking franchise, and a material recent corporate event that substantially changed the investment case. The country of incorporation and core operations were the United States, and the company’s relevance today is primarily tied to the post-sale balance sheet rather than ongoing banking expansion. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1401564/000093905725000101/ffnw-20241231.htm?utm_source=openai))